hii,
A husband gave compensation to his divorsed wife rs. 10 lacs for education of his son...
is it taxable or not ??
is it capital or revenue income in the hand of wife ??
2 Replies
sumit
(Industrial Trainee at EY)
(366 Points)
Replied 16 February 2010
it is not
it is pin money
and pin money is not taxable
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